Modern Times Realty LLC

07/14/2025

https://www.facebook.com/SteveBartlettShow/videos/1937051930410725/?mibextid=rS40aB7S9Ucbxw6v

01/08/2024

Modern Times Realty is officially closed in Las Vegas. Should you require real estate services in either Mexico, Wisconsin, Florida, or Nevada, please call James directly at 702-222-0815 for referral information to an experienced agent he knows well and has already worked with for many years.

James is currently working on 1) Cutting edge sustainable materials and methods for residential and commercial applications 2) Urban farming technology 3) His upcoming book "Unmasked in Mexico", where you can join him in an inspirational journey, revisiting his time as an 9/11 era Active Duty Army officer, long time Las Vegas resident, and his many exploratory travels throughout Europe, Latin America, and the US.

E = MC2, the mission is to create better lives through the obtaining, sharing, and implementation of first-hand knowledge. Enjoy!

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09/21/2021

Door safety tip: The small screws that come originally with almost all door frames and safety latches can easily be kicked in. To add a layer of protection, replace them with longer/thicker screws. For latches, be careful not to get screws so long that they pierce the other side of the door.

09/09/2021

Hello Friends,
I hope you are all doing fantastic.
It's been quite a while since my last post so I'll make this one significant.
2020 and the first part of 2021 have been another round of crazy years in Las Vegas real estate with appreciation over 20%. This is somewhat alarming as "normal" historical appreciation is 4-6% a year.
So, how did this happen after the sky was litterally falling for a few months after March 15th 2020? Historically low interest rates? Government intervention? Better personal responsibility of property owners? The California exodus? The immergence of lucrative short-term rentals? Can you say, "All of the above?"
However, what goes up always has the potential to go down and, in markets, it seems to be a reoccurring pattern that the down happens much faster than the up.
That being said,, the early fall has some major events that have the potential to quickly and drastically affect Las Vegas Valley real estate in 2022 and beyond.
First, last week marked the end of the PUA Federal Unemployment Assistance Program. 150,000 Nevadans will stop collecting any source of unemployment benefits by October 1st and 40,000 lost their benefits already this week. To put those numbers into perspective, that's about one out of every 15 working residents in the state.
Second, the Supreme Court has ruled the eviction and foreclosure moratoriums unconstitutional, therefore, an act of congress is now necessary to pass legislation, which would reinstate these types of laws. October will mark the start of a major change over of tenants, which may also expand to the sales of newly vacated properties.
Three, the Delta variant and other strains are already becoming an issue globally creating a laundry list of problems that will have a trickle down affect, but, most importantly to Las Vegas, travel and conferences. Would you send your employees into harms way for $1000 per day in overhead if you could conduct most of your business electronically? About 50% of Las Vegas' 50 million tourists a year come here for conferences.
Four, commodities nationwide are rising drastically while wages are falling and full-time jobs are decreasing.
Five, the US debt and consumer debt both stand at all time highs at $28 trillion and just about $15 trillion respectively. These records are being broken at the same time of historically low interest loans. What will happen should rates rise?
Tourism, of course, is Las Vegas' lifeblood. How quickly will the five points listed above stiffle the commercial and residential real estate markets? Where will these hit hardest?
During the 2008-2010 crash, the stock market fell first, followed by the commercial real estate market and then residential, almost simultaneously six months later. Older neighborhoods throughout the valley and neighborhoods on the east side of Las Vegas and most of North Las Vegas were effected first. Why? Highest concentration of tenants and most people prefer to buy newer or remodeled homes if comparing apples to apples. Newer subdivisions and masterplan communities fell second and some very exclusive neighborhoods hardly fell at all. This change all unfolded over a 24 month span. Had you spoken to anyone in 2007, only a very small percentage of people saw a crash on the horizon. Like today, sales inventory was at an all-time low, prices at an all-time high, builders frantically building everything that made a buck and property appreciation well over 20% annually.
There are two strikingly obvious differences to 2007 and what we see today. First, the adverage 30yr fixed loan was about 6%, but most people were buying on 3 to 5 year adjustable loans at about 4%. Today's 30yr fixed is less than 3%. Second, before the first crash, most of Las Vegas was owned by Las Vegans, who, individually, often owned several properties. Today 50% of Las Vegas is owned by Hedge Funds and large investors (an example being Blackstone Inc, which owns over 3,000 homes in the valley, but also several of the previous MGM owned properties on the strip) and an additional 25% is owned by small investors and vacation/2nd home homeowners.
Furthermore, Airbnb and other vacation rental services, did not exist before the first crash. Now these properties make up 5-10% of the valley's total residential properties.
Oh, and don't forget about the Californian! California is moving it's population, at an incredible rate, into nearby states. Nevada is no exception. Many buy using 100% cash and many retire immediately.
Want a deal? Be patient and watch carefully, especially neighborhoods with high tenant to homeowner ratios or Airbnbs.
Feeling like now is the right time to sell? Call me 702 222 0815.
*Investors, why lose out tens of thousands on capital gains? Ask me about the 1031 exchange tax loophole and keep ALL of your profits.

06/16/2021

Crypto.com offers a VISA-backed debit card that easily allows you to invest in over 100 different cryptocurrencies, the Internet of Things (AI), and their different Blockchain technology applications. It will also allow you to instantly convert your crypto money to US dollars or about 20 other countries worth of currencies at a fraction of the fees a money converter charges. This is a great way to travel internationally. My referral code is 3z9fcyyxrg. If you find this card to be as useful as I do and want to sign up for it, please use my referral code as it will give each of us a free $25.00 when you do. Cryto.com currently has around 20 million card members and plans to expand to 100 million card members by Christmas of 2022. In my opinion, this card allows for a great investment opportunity as well as doubling up as a normal debit card you can actually use for purchases. Furthermore, it alleviates many of the complications caused by online bill pay and, especially, international travel.

06/16/2021

Map of the US: What will be affected soon by digital currencies, Blockchain, and The Internet of Things (Artificial Intelligence)

06/16/2021

Hello everyone,

It's been quite a while since I've written a true business post so I hope that you all will take a gander and tell me what you think.

In the last six weeks, I took a 5,000-mile road trip and completed an additional 700+ miles by air and by train before heading back to Wisconsin to have my second hip surgery of 2021 yesterday. A big shoutout to the hard-working and awesome medical teams at the Milwaukee, Appleton, and Green Bay VA facilities. as their superior level of care has truly been a blessing to me. I'm hoping to run the first half marathon of my life in about 18 months. from today

During my time travels, I saw about 15 states and Baja California, Mexico. Along the way, I met up with many friends and many business contacts for both the real estate and the h**p industries (I specialize in the h**p and cannabis industries for my commercial real estate business). My trip was timed that the entirety of it encompassed the first few weeks of the crazy traveling bug everyone out there seems to be fulfilling now that COVID has nearly disappeared from the news and has become less of a concern to most of us. Therefore, unfortunately for my wallet, both gas and hotel rooms jumped 30-40% in the two weeks between May 1st and May 15th, but the silver lining was that I was able to talk with several more people and nearly everything was open throughout the nation now. Mexico was very interesting and it's probably not how you think. Again our news channels do not truly report "the news" anymore. What I witnessed across the nation and in Mexico was certainly contradictory to much of what you see on the news and anyone who is interested in that, please call me so we can talk in detail.

Overall, as far as the real estate industry goes, residential markets across the US are mostly on absolute fire. I was very sticker shocked to see markets I saw just a few years ago now selling over double their previous prices and with normally much less move-in-condition inventory (Minus the crazy new build boom). However, commercial real estate is not fairing as well. In fact, I'm going to argue that the pandemic was a huge catalyst for moving us all towards a digital world much more rapidly than expected and I do believe that many businesses, large and small, will soon downsize their physical spaces as brick and mortar commercial has proven to carry a lot of wasted money spent with it now with the changing times. The average commercial lease in the US is 3-5 years so the question becomes, what will happen to all this upcoming empty commercial inventory? Will prices drop significantly? Will mass layoffs come down the road where the residential markets will finally turn their rocket into a retreat? I believe a key to that answer is to simply follow the money. What is the big money doing in your area? In Las Vegas, Hedge Funds are now purchasing more and more residential properties with cash. Will their expenditures provide long-term fruits, short-term profits, or are they throwing bad money in an attempt to save good money?

Speaking of money, that is actually what I want to focus on in this post. Real estate is a fantastic investment and ownership comes with so many perks, but it's all about timing and it's also important not to gain tunnel vision and believe real estate is always a great investment. For those of you who are still unfamiliar with Cryptocurrencies (Such as Bitcoin and Etherium) did you know that both China and the United States are now working on a digital government coin of their own? We are rapidly moving towards a cashless society and that transition, along with the embracing of Blockchain technology (the technology that backs all Cryptocurrencies among many other useful applications) will affect the real estate industry heavily. From Lending to Title to new "Smart Contracts" to nearly every other step along the way, Blockchain technology has the potential to make the property transfer process much more streamlined, easier, and fairer than ever before.

For those of you who are not good with computers (Like me) here's the reality, you're going to have to make it a point to learn a little about them each day if you want to remain competitive in the job market and, soon, accomplish normal everyday tasks like paying your bills. For this, I recommend you take a look at a certain VISA debit card issued by Crypto.com, which connects to the company's app you download onto your cellphone. I've enclosed a picture of what the several card choices look like and a video of what these cards do, however, I just took one out last week and, so far, it's fairly easy to work with and solves a lot of issues when it comes to international travel, paying bills, or simply investing in Cryptocurrencies, Blockchain technology, and Artificial Intelligence, which are definitely coming on strong in all of our futures. Please take a look at the enclosed video https://www.youtube.com/watch?v=iwpsiPtuSRY for a really detailed account of this product. So far I personally love it as, this trip to Mexico, I had a hard time exchanging Dollars for Pesos in Las Vegas because, like many businesses types currently experiencing shortages, the logistics of the international money exchanger (next to the Wynn) are messed up and they no longer carry large volumes of foreign currency on hand so you must order ahead of time. This VISA debit card is a solution that bridges cryptocurrencies, current country currencies, and their effects in the real world plus gives you an opportunity to invest in multiple technologies plus it can save you a ton of money on exchange rates. In all the card allows you to purchase over 100 different cryptocurrencies and more than 20 different countries' currencies. The company currently has about 20 million cardholders and plans to grow to 100 million by the end of next year! With this card, I see a lot of upsides in my own life and I hope this information helps you somehow too. Lastly, if this card sounds right for you, please use my referral code 3z9fcyyxrg when taking out your card and we will each get $25.00 free.

PS: I will be back in Las Vegas again towards the end of the summer. I will do my absolute best to see as many of my friends as possible. Wishing you all life, love, and happiness. And, please, don't forget, yes I'm bedridden again for a few more weeks, but Modern Times Realty still works in Las Vegas. In fact, we recently closed two transactions last month, one of our clients sold her house as the top comp in the entire zip code. That was a nice cash-out check for them.

🌐 In today's Crypto.com review I explain 5 reasons why the Crypto.com app is one of the best cryptocurrency apps for everyday users. We'll cover buying and ...